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Invesco BulletShares 2029 Municipal Bond ETF
BSMT

108 hedge funds and large institutions have $165M invested in Invesco BulletShares 2029 Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 61 increasing their positions, 12 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

408% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 12

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

10% more capital invested

Capital invested by funds: $150M → $165M (+$14.5M)

7% more funds holding

Funds holding: 101 → 108 (+7)

1.79% less ownership

Funds ownership: 72.07% → 70.27% (-1.8%)

Holders
108
Holders Change
+7
Holders Change %
+6.93%
% of All Funds
1.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
61
Reduced
12
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFA
Sequoia Financial Advisors
Ohio
+$3.91M
2
Jane Street
Jane Street
New York
+$2.06M
3
HighTower Advisors
HighTower Advisors
Illinois
+$1.54M
4
HBT
Hills Bank & Trust
Iowa
+$1.43M
5
UBS Group
UBS Group
Switzerland
+$960K

Top Sellers

Rank Fund Capital Flow
1
CIM
Confluence Investment Management
Missouri
-$2.48M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.62M
3
VA
VestGen Advisors
Illinois
-$1.37M
4
BPA
Beacon Pointe Advisors
California
-$196K
5
ACM
AlphaStar Capital Management
North Carolina
-$143K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
Addison Advisors
Vermont
$578K – – –
TF
52
TLWM Financial
Texas
$540K +$7.3K +316 +1%
HWM
53
Horizons Wealth Management
North Carolina
$539K +$43.4K +1,877 +9%
CFGA
54
Cambridge Financial Group (Arizona)
Arizona
$531K – – –
Cetera Investment Advisers
55
Cetera Investment Advisers
Illinois
$523K +$243K +10,512 +87%
HWM
56
Howard Wealth Management
Connecticut
$518K +$190K +8,215 +58%
CIC
57
Carnegie Investment Counsel
Ohio
$500K +$167K +7,225 +50%
Stifel Financial
58
Stifel Financial
Missouri
$500K -$57K -2,467 -10%
Royal Bank of Canada
59
Royal Bank of Canada
Ontario, Canada
$494K +$32.3K +1,399 +7%
STA
60
Summit Trail Advisors
New York
$487K +$486K +21,040 New
SWM
61
Silverlake Wealth Management
Vermont
$477K +$43.5K +1,882 +10%
HGA
62
Hobbs Group Advisors
South Carolina
$464K +$6.45K +279 +1%
SG
63
StoneX Group
New York
$433K -$624 -27 -0.1%
JCM
64
Jacobi Capital Management
Pennsylvania
$428K +$76.3K +3,300 +22%
IIM
65
Invariant Investment Management
Pennsylvania
$402K +$400K +17,293 New
CA
66
Clearstead Advisors
Ohio
$399K +$99.8K +4,321 +33%
Wealth Enhancement Advisory Services
67
Wealth Enhancement Advisory Services
Minnesota
$394K +$182K +7,876 +87%
WWA
68
Wingate Wealth Advisors
Massachusetts
$362K +$2.36K +102 +0.7%
IA
69
IFG Advisory
Georgia
$359K +$145K +6,284 +68%
CW
70
Cooksen Wealth
Texas
$352K – – –
BPA
71
Beacon Pointe Advisors
California
$343K -$196K -8,499 -36%
FA
72
FF Advisors
California
$340K – – –
WAP
73
Wealthcare Advisory Partners
Pennsylvania
$335K – – –
WCM
74
WealthBridge Capital Management
Ohio
$310K +$6.79K +294 +2%
PTC
75
Private Trust Company
Ohio
$309K +$73.3K +3,172 +31%
1 2
3
4 5

BSMT Hedge Fund Activity: Q4 2025 in Review

108 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2029 Municipal Bond ETF (BSMT) for Q4 2025, worth a combined $165M — up 9.6% from $150M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BSMT positions and 3 closed out — a net gain of 8 holders — while 61 added to existing stakes and 12 trimmed.

The largest buyer was Sequoia Financial Advisors, opening a new position worth an estimated $3.91M. The largest seller was Confluence Investment Management, exiting entirely with an estimated $2.48M sold.

  • 108 institutional investors held Invesco BulletShares 2029 Municipal Bond ETF (BSMT) as of Q4 2025, up from 101 in Q3 2025.
  • Funds reported $165M of Invesco BulletShares 2029 Municipal Bond ETF stock for Q4 2025, up 9.6% quarter-over-quarter.
  • 11 funds opened new Invesco BulletShares 2029 Municipal Bond ETF positions in Q4 2025 and 3 closed out, a net change of +8 holders.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF buyer in Q4 2025 was Sequoia Financial Advisors, an estimated $3.91M added.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF seller in Q4 2025 was Confluence Investment Management, an estimated $2.48M sold.

Based on aggregated 13F filings for Q4 2025.